What Is Ethereum Request For Comment (ERC)?

Ethereum Request for Comment (ERC) is a set of standards and guidelines for proposing improvements to the Ethereum blockchain. Each ERC defines a unique protocol or set of rules, specifying how new features, tokens, or functionalities can be added to the Ethereum network. These standards facilitate interoperability and compatibility among different Ethereum-based projects.

ERCs are similar to proposals in Bitcoin as BIP , and they play a crucial role in the development and evolution of the Ethereum ecosystem. They cover various aspects such as token standards, smart contract interfaces, and other technical specifications. Developers and the Ethereum community use ERCs as a collaborative tool to discuss, debate, and refine proposed changes before implementing them on the Ethereum blockchain.

Common ERC standards include ERC-20 (fungible tokens), ERC-721 (non-fungible tokens or NFTs), and ERC-223 (token transfer improvement). Each ERC standard addresses specific use cases and requirements, promoting consistency and widespread adoption across the Ethereum platform.

Here's the Analysis of #WLD :

#WLD is been printed a new #ATH (All-Time High) a week ago, and in a retracement phrase, by which dropped around 31%. Well, nothing can be done here, better wait for a deeper pullback till support area at $2.35 or bear minimum at $2.73. On H4 TF, Price creating a Falling Wedge Pattern, by which a breakout will decide the next direction of it, so have an eye on it.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, did a close below of the zone, which might be a potential fakeout for the market. Well, price is now retracing back to the resistance area,where is rejecting a bit. But overall market is in bullish sentiments, so a close above will push the price to expected area around $46,600 - $$47,200.

#DXY UPDATE :

#DXY is been followed the plan perfectly, market also co-related with the movement too. Index reached the major support zone and now, its a matter of time to wait, for the Monday Market Open. Index already being having a rejection, but a wait for a clear break or a rejection with a weekly candle, which will decide the Next Market Move in the Market.

What Is Maximal Extractable Value (MEV)?

Maximal Extractable Value (MEV), formerly known as miner extractable value, gauges the profit potential for miners, validators, sequencers, etc., by allowing them to arbitrarily manipulate transactions within the blocks they generate. MEV represents the overall profit achievable through ordering, including, or omitting transactions from a block. While it offers additional revenue streams, MEV introduces potential risks to a network's security, fairness, and stability.

The relevance of MEV has surged with the rise of decentralized finance (DeFi) platforms on blockchain ecosystems. These platforms facilitate intricate financial transactions, and as the volume and complexity of transactions increase, there is a higher risk of exploitation by malicious actors.

The concept of MEV dates back to the early days of blockchain, gaining prominence with Ethereum's smart contract capabilities. Ethereum's programmable nature has led to the development of diverse financial products, creating opportunities for extraction by both savvy and unscrupulous actors.

Unlike proof-of-stake chains, proof-of-work chains like Bitcoin are less susceptible to MEV. Bitcoin's lack of smart contracts limits opportunities for transaction reordering. Consequently, parties seeking to exploit MEV opportunities typically focus on ETH rather than BTC due to Ethereum's versatile smart contract functionalities.

How Does MEV Work?

Opportunities can arise when actors with influence over transaction orders can benefit from them. Examples are price differences between DEXs or liquidation events in lending platforms.

The key idea is that transactions compete with each other for confirmation. When a user submits a transaction, it is broadcast to the network and placed in a pool of pending transactions known as the mempool. The transactions with the highest transaction fees tend to get prioritized by profit-seeking miners and validators. Thus, strategically manipulating the ordering of transactions within a block allows them to increase their profits at the expense of others.

Bitcoin prices consolidated between the 200D-SMA 🔵 and the True Market Mean Price 🟢 until August, marking one of the least volatile periods in Bitcoin history. Following this, a rapid deleveraging event caused prices to drop from $29k to $26k in a single day, falling below both long-term technical price averages.

It was the rally in October which really changed the game, recovering through all remaining price models, and breaking through the key psychological $30,000 level.

#BOND made a easy broke of the consolidation but still inside the larger range. Anyways, price directly hits the 1st target of $4.26, and printed a high of $4.69, which is around 23.8% in profits. Time to secure some profit and hodl rest with next Targets area.

#BOND in #BTC also preformed well, and hits the 1st target of 974 Satoshi's, by making a high of 1077 Satoshi's which is 24.2% in profit. I hope you're enjoying our free signals, more yet to come, stay tuned!!!

#BOND in #BTC now achieved the all the target, banging a total profits of 77.8% profits.

#BOND in #USDT pairs made a quick jump and straightaway goes to the 3rd target of $6.45, which is 77.8% in profits. The last target is not so far, book profits here and hodl till final one.

#FOR achieved the 2nd target of $0.024 and making profit around 30.3% in profits. I hope you're making some good profit with free signals.

#DATA made a very sharp jump to the upside and achieved all its target easily. Price made a high of $0.098, which is 261.6% in massive profits. I hope you book all the profits with the rising market price.

#DATA in #BTC pair also performed the same and pumped massively. Price made a high of 231 Satoshi, which is 213% in profits 🚀🚀

Here's the Analysis of #SUPER :

#SUPER is been ranging between the a large consolidation, where daily gave a strong rejection from the Resistance zone of $0.71 - $0.72. Price still maintaining the bullish market structure and hoepfully, gonna have a breakout soon. In case, daily candle closes above the resistance area, then you can look for buys over the it.

#BOND in #BTC continues to push and printed a new Higher High, making profit around 130% in our favor. Well, that's the power of hodling these trend trades which quickly hits the targets and profits.

#BOND in #USDT pair, hits the final target or $7.55 and Made a high of $8.20, which is 116% in profits. I hope you're getting a free ride into those rallies from our free signal.

#Bitcoin Weekly closing turned out to the bullish and healthy but price rejected from the Strong resistance are and Newly Weekly Resistance too. Currently, price gave a flip below the structural area, might gonna reach the other end towards the major support area and consolidation continues. We already entered into holiday season, so volume might gonna be lower these days.

#WLD did gave a breakout off the falling wedge pattern but volume seems to be dead Right now. Well, price itself reacting from the structural resistance area, where we need to see a flip above that level for buys, else a short-selling looks good towards the support around $2.35 - $2.43.